PRESS DIGEST - Wall Street Journal - Nov 5

Reuters

Nov 5 (Reuters) - The following are the top stories in theWall Street Journal. Reuters has not verified these stories anddoes not vouch for their accuracy.

* SolarCity said Monday that it intends toprivately place $54 million of securities backed by a pool ofsolar-power systems, leases and electricity contracts. ()

* Investment in the medical-device and equipment industry ison pace to fall to $2.14 billion this year, down more than 40percent from 2007 and the sharpest drop among the top fiveindustry recipients of venture funding, according to an analysisof data compiled by PricewaterhouseCoopers and the NationalVenture Capital Association. ()

* Twitter Inc, riding a wave of strong demand forinitial public offerings, sharply increased the price range ofits shares three days before its stock is expected to begintrading. San Francisco-based Twitter increased its proposedshare-price range to between $23 and $25 a share, up frombetween $17 and $20 a share. ()

* Tencent Holdings Ltd is vying to lead a $200million fundraising in Snapchat, the latest effort by one ofChina's Internet giants to gain a foothold in the United States.()

* BlackBerry has abandoned a plan to sell itself andinstead will sell $1 billion of convertible debt to its majorshareholder and other investors, and said it would replace CEOThorsten Heins. ()

* Kellogg plans to cut its workforce by 7 percent aspart of a four-year cost-cutting campaign, as the cereal makerposted higher earnings on flat sales. ()

* Allen Edmonds Corp, a maker of high-end men's shoes thatgenerated some takeover interest from Men's Wearhouse Inc, itself a takeover target, has revealed it has agreed tobe sold to another buyer. ()

* U.S. Attorney General Eric Holder said the government iswilling to settle its antitrust lawsuit against the merger ofAMR and US Airways if the airlines agree to broadconcessions. ()

* Network-gear maker Alcatel-Lucent said Mondaythat it plans to raise about $2.7 billion to cut its debt andfinance its turnaround plan, taking advantage of a rebound inshares to unveil a capital increase. ()

* TRI Pointe Homes has clinched a $2.7 billion dealto merge with timber conglomerate Weyerhaeuser's home-building division. ()

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